The beloved fried chicken chain is facing rising debts and falling foot traffic
One of Chicago’s most iconic fried chicken institutions is in trouble. A franchise group behind several Harold’s Chicken locations has filed for Chapter 11 bankruptcy and shuttered at least one of its suburban restaurants—raising concerns about the future of the brand outside the city.
According to court records, Nevada-based De’nsite Inc.—which operates Harold’s locations in Homewood, South Holland, and Olympia Fields—filed for bankruptcy on July 27 in the Northern District of Illinois. The group listed just $50,000 in assets against as much as $1 million in liabilities…